Hints and tips:
...The near-term financial burden in the base case is what China et al are objecting to. Here’s what the Zambian finance ministry said it had been told after the deal collapsed....
...In between, international shows have included those at the San Francisco Museum of Modern Art in 2003; at the Jeu de Paume, Paris, in 2011; and The Met Breuer in New York City in 2016....
...Further reading: The Restructuring Process — Buchheit et al. (2019)Government bonds since Waterloo — Meyer et al. (2021)The aftermath of sovereign debt crises: a narrative approach — Esteves et al. (2021...
...And, as lockdown measures are softened, the return of the likes of Gregg's, Starbucks et al to the UK FtG market will increase competition....
...Many French cinema owners, who are putting pressure on Cannes to resist Netflix et al, see the streamers’ disruptive attitude as an incursion into their territory....
...Angela Merkel’s impending departure has put a heavy burden on President Emmanuel Macron’s shoulders....
...Mr Trump et al do not have any answers. To the contrary, the US president’s fabled “base” will be losers from his trade wars. They have already been robbed by his tax cuts for the very rich....
...This was disproved by the trial of US v Zarrab et al, in which a Turkish banker and a gold trader were convicted of laundering Iranian oil and gas revenues....
...Zettelmeyer et al looked at this too, and it isn’t much more encouraging: The implied odds of success for Greece are somewhere between 15 and 20 per cent....
...Like Greece (and Spain and Ireland et al) these countries received massive capital inflows from abroad, which helped sustain overvalued exchange rates and boosted domestic spending at the cost of export...
...Yes, that does mean the tax pot shrinks a bit so services are squeezed and the burden of funding public services falls on ordinary workers — but that is only fair since they do not have any better ideas...
...The gap has also been widening, rising by 2.34 years for men and 2.91 years for women since 2001 (source: Chetty et al 2016) – with deaths by suicides, substance abuse, and drug overdoses rising for certain...
...First, Greenspan et al thought the bulk of the spending financed by the extra debt enhanced productivity....
...If a government with plenty of fiscal space on Ostry et al's definition followed their advice, the definition of fiscal space might itself be invalidated....
...Unsurprisingly, Borio et al also find that the impact of a given decline in asset values is related to the amount of debt outstanding before the bust....
...That makes China’s leaders v nervous and restricts policy options....
...We see interest rates falling, bond issuance exploding, and pressure for capital-account liberalization rising… The core of [Xi et al's] strategy is a set of three choices: 1) slow the accumulation of debt...
...If the concerns raised by the IMF, the Pope, et al are to be addressed, we need concrete action to redistribute wealth from top to bottom and ensure the poorest share in the proceeds of economic growth....
...But governments have turned to civil actions that require a lower burden of proof....
...The possible sell-off makes sense at the moment, as Reliance Communications is struggling under a heavy burden of debt. On December 31, the company reported net debt of Rs373.61bn ($6.9bn)....
...So it’s not surprising that the first response from Buchheit et al is to answer back with bits of the bond contract that suggest sneaky loopholes instead....
...Now here he is on a blast from the past… It’s Allied Bank International v Banco Credito Agricola de Cartago et al....
...If Edna O’Brien et al turn up next year, this festival will be worth attending....
...Marcello de Cecco et al (Letters, January 23) develop this argument with respect to the eurozone crisis. But it is worth noting that the argument has equal force at the global level....
...For this reason, legal experts (for instance Lee Buchheit et al in the Duke Law Journal 2006) have pondered various doctrines of war debt, odious debt and hostile debt, under which certain kinds of debt...
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